Payden & Rygel Sells 39,640 Shares of Waste Management, Inc. $WM

Payden & Rygel trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 97.1% in the third quarter, Holdings Channel.com reports. The firm owned 1,200 shares of the business services provider’s stock after selling 39,640 shares during the quarter. Payden & Rygel’s holdings in Waste Management were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Main Street Group LTD bought a new stake in shares of Waste Management during the first quarter worth $31,000. Balance Wealth Partners LLC acquired a new position in shares of Waste Management during the third quarter worth about $31,000. Cape Investment Advisory Inc. acquired a new position in shares of Waste Management during the second quarter worth about $36,000. Markowski Investments bought a new position in shares of Waste Management during the second quarter worth about $38,000. Finally, Bogart Wealth LLC raised its position in Waste Management by 93.5% in the 1st quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock valued at $41,000 after buying an additional 87 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the sale, the chief accounting officer owned 3,509 shares in the company, valued at approximately $771,629.10. This represents a 28.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and issued a $267.00 target price on shares of Waste Management in a research note on Thursday. TD Cowen reaffirmed a “buy” rating on shares of Waste Management in a research note on Thursday. Raymond James Financial set a $251.00 price objective on shares of Waste Management in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Waste Management from $235.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $257.89.

Key Stories Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management maintained its 2026 outlook and guided revenue and free cash flow toward the high ends of its ranges, reassuring investors that growth remains on track. Waste Management Could Be 9% Undervalued After High End Guidance Reaffirmed
• Positive Sentiment: The healthcare business was a major growth driver, with operating EBITDA reportedly rising 33% year over year. Nine-month free cash flow also increased more than 42%, supporting capital returns and the company’s buyback program. WM Q3 Earnings Call Highlights Healthcare Gains and Volume Pressure
• Positive Sentiment: Analysts raised their targets, including JPMorgan to $260 and Barclays to $283, while retaining overweight ratings. These revisions imply additional upside and reflect confidence in WM’s defensive cash flows and outlook. JPMorgan Waste Management Ratings
• Neutral Sentiment: The upcoming CEO transition is attracting investor attention. Continuity in strategy and execution could support the stock, but leadership changes introduce uncertainty until further details are provided. Waste Management Earnings Call Signals Resilient Growth
• Negative Sentiment: Slowing waste volumes and higher fuel costs are pressuring margins. Earlier reports that WM shares gapped lower and broke below the 200-day moving average reflected the market’s initial disappointment with earnings and operational trends. WM Q3 Earnings Call Highlights
• Negative Sentiment: Income investors face a longer-term risk: although WM has raised its dividend annually since 2009, persistent volume weakness could constrain future increases. The stock also trades at a relatively premium earnings multiple. Can Waste Management Keep Raising Its Dividend for Decades?

Waste Management Trading Up 1.1%

Shares of NYSE:WM opened at $233.33 on Friday. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.87 and a current ratio of 0.82. The company has a market capitalization of $93.27 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 2.99 and a beta of 0.42. The company has a 50-day simple moving average of $217.85 and a 200 day simple moving average of $225.13.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). The business had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.81 billion. Waste Management had a return on equity of 31.97% and a net margin of 11.78%. Waste Management’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $1.98 EPS. Sell-side analysts forecast that Waste Management, Inc. will post 8.06 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.9450 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management’s payout ratio is currently 49.61%.

Waste Management Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.